Contract Clause Content Issue
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A Contract Clause Content Issue is a contract content issue (that represents a potential risk, compliance gap, or clarity concern) in a specific contract clause.
- Context:
- It can range from being a Minor Clause Issue (such as unclear language) to being a Critical Clause Issue (such as unenforceable terms)
- It can range from being a Simple Format Issue to being a Complex Legal Issue
- ...
- It can be identified through manual review or automated contract analysis
- It can require different levels of remediation based on its severity and impact
- It can affect different aspects of the contract including enforceability, compliance, and risk exposure
- It can be tracked in a Contract Issue Register for systematic resolution
- It can trigger specific Contract Clause Rules for remediation
- ...
- Example(s):
- By Severity:
- Critical Clause Issues:
- Missing required regulatory provisions.
- Unenforceable terms.
- Minor Clause Issues:
- Formatting inconsistencies.
- Non-standard but valid language.
- Critical Clause Issues:
- By Clause Type:
- Confidentiality Clause Issues:
- Missing duration specifications.
- Unclear scope of confidential information.
- Force Majeure Clause Issues:
- Incomplete event coverage.
- Missing notification requirements.
- Payment Terms Clause Issues:
- Unclear payment schedules.
- Missing late payment provisions.
- Confidentiality Clause Issues:
- By Impact Area:
- ...
- By Severity:
- Counter-Example(s):
- See: Contract Clause Rule, Legal Risk Management, Contract Review Process.